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Why do some programs review applications so much later than others?



All but one of my terminal Masters programs reviewed applications and sent out acceptances about a month ago. The one that didn't only reviewed apps today, and I was informed by a friend doing their PhD there that final decisions will be sent out in "mid April" which, to me, means they're going to basically come out right before/on the usual April 15 deadline.

What does the school gain from holding out for so long? As an applicant it's really irritating since I have had to leave other programs "hanging" while I wait to hear back from this one, and for people whose decision isn't cut and dry, they may be forced to make a very important decision in a matter of hours! It seems really bad in all ways for the applicants, so why do universities do it? In looking at past year results I see some people being accepted to this program as late as June!

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